NIGHTCAP LIMITED
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-09-29
Confirmation statement due
2026-10-06 (in 5mo)
Last made up 2025-09-22
Watchouts
None on the register
Cash
£2M
Latest balance sheet
Net assets
£6M
Equity attributable
Employees
1,007
Average over period
Profit before tax
-£12M
Period ending 2024-09-29
Name history
Renamed 1 time since incorporation
- NIGHTCAP LIMITED 2024-07-26 → present
- NIGHTCAP PLC 2020-09-23 → 2024-07-26
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-09-29
| Metric | Trend | 2023-07-02 | 2024-09-29 |
|---|---|---|---|
| Turnover | £46,414,000 | £72,743,000 | |
| Operating profit | -£2,812,000 | -£7,372,000 | |
| Profit before tax | -£4,863,000 | -£11,990,000 | |
| Net profit | -£3,932,000 | -£11,318,000 | |
| Cash | £5,017,000 | £2,437,000 | |
| Total assets less current liabilities | £62,684,000 | £54,926,000 | |
| Net assets | £14,520,000 | £6,352,000 | |
| Equity | £14,520,000 | £6,352,000 | |
| Average employees | 754 | 1,007 | |
| Wages | £15,798,000 | £25,329,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-07-02 | 2024-09-29 |
|---|---|---|---|
| Operating margin | -6.1% | -10.1% | |
| Net margin | -8.5% | -15.6% | |
| Return on capital employed | -4.5% | -13.4% | |
| Gearing (liabilities / total assets) | 81.8% | 92.4% | |
| Current ratio | 0.55x | 0.21x | |
| Interest cover | -1.37x | -1.60x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- HaysMac LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis. In assessing the Group's ability to continue as a going concern, the Directors have considered the Group's cash flow forecasts, covenant compliance, and available sources of finance over a period of at least 12 months from the date of signing the financial statements. Management has prepared detailed bottom up forecasts for a period of 18 months, covering each individual trading site and central costs on a line-by-line basis. These forecasts reflect a cautious approach, incorporating conservative assumptions and applying a range of sensitivities to model various downside scenarios. These scenarios consider the potential impact of macroeconomic factors, trading performance variability, and cost pressures. The Group is currently trading in line with its revised base case model. Even under a severe but plausible downside case, the Group is forecast to maintain adequate liquidity and remain compliant with its financial covenants. The Group also retains flexibility in its cost base and capital expenditure plans. In the event of materially adverse trading conditions, the Board has identified a number of mitigation strategies, including deferral of non-essential capital projects and further reductions in discretionary and central overhead expenditure, to protect liquidity. A key judgement in the going concern assessment is the refinancing of the Group's existing bank facility, which is due for renewal in September 2025. The Board is actively engaged in discussions with its principal lender, HSBC, and has already received indicative renewal terms. In parallel, the Group has engaged an independent funding consultant to explore alternative financing options, including asset-backed lending secured on recently acquired assets such as the Brighton i360 site. The consultant has identified a number of viable funding providers who have expressed initial interest in supporting the Group. Additionally, the Group has held preliminary discussions with certain shareholders who, if necessary, may be willing to provide financial support in the form of equity or shareholder loans, thereby further strengthening the Group's financial position as a contingency measure. Taking into account the Group's current trading, available cash resources, conservative forecasting approach, committed cost control actions, and the reasonable expectation of securing refinancing or alternative funding, the Board has a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.”
Group structure
- NIGHTCAP LIMITED · parent
- London Cocktail Club Limited 100%
- +Venture Battersea Limited 100%
- Adventure Bars Mid Limited 100%
- Adventure Bars Luna Digbeth Limited 100%
- Barrio Familia Limited 100%
- DMN Bars Limited 100%
- Stamp Entertainment Limited 100%
- London Cocktail Club Trading Limited 100%
- London Cocktail Events Limited 100%
- The London Cocktail School Limited 100%
- The Craft Cocktail Club Limited 100%
- Adventure Bars Group CHS Limited 100%
- Adventure Bars Waterloo Limited 100%
- Waterloo Sunset Limited 50%
- Barworks (Electric) Limited 100%
- Adventure Bars Cardiff Limited 100%
- Adventure Bars Bristol Limited 100%
- Adventure Bars Liverpool Limited 100%
- Barrio Central Limited 100%
- Barrio Bars Limited 100%
- Barrio East Limited 100%
- Barrio Regio Limited 100%
Significant events
- “The decision to delist from AIM”
- “The acquisition of Piano Works”
- “Navigating the impact of the cost-of-living crisis on our estate”
- “Managing the increasing cost base of our operations and employees”
- “In the 65 weeks ended 29 September 2024 the Group closed Bar Elba, Barrio Watford, and Barrio Brixton. In the 52 weeks ended 2 July 2023 the Group closed The Cocktail Club in Bethnal Green.”
- “In the 65 weeks ended 29 September 2024 and the 52 weeks ended 3 July 2023, reorganisation costs were incurred in relation to the restructuring and reorganisation of certain employees in the Group.”
- “On 4 February 2025, the Group acquired the trade and assets of the Brighton i360 Tower out of administration for consideration of £150,000.”
- “On 15 April 2025, the Group raised £3.4m by issuing 42,500,000 ordinary shares at 8p per share.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| EDWARDS, Gareth Maitland | Director | 2021-01-13 | Mar 1958 | British |
| MOIR, Lance Stuart | Director | 2021-01-13 | Jan 1957 | British |
| WILLINGHAM-TOXVAERD, Michael | Director | 2020-09-23 | Nov 1974 | Danish |
| WILLINGHAM-TOXVAERD, Sarah Louise | Director | 2020-09-23 | Dec 1973 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HALEY, Richard | Secretary | 2023-12-12 | 2024-06-28 |
| ROLPH, Toby John | Secretary | 2020-12-04 | 2023-11-30 |
| WILLINGHAM-TOXVAERD, Michael | Secretary | 2024-06-28 | 2024-08-07 |
| WILLINGHAM-TOXVAERD, Michael | Secretary | 2020-09-23 | 2020-12-04 |
| JELF, Thi Hanh | Director | 2021-01-13 | 2024-07-31 |
| ROLPH, Toby John | Director | 2021-01-13 | 2023-11-30 |
| VAN DER MEER, Tobias Adriaan | Director | 2021-01-13 | 2024-11-05 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ms Sarah Louise Willingham-Toxvaerd | Individual | Shares 25–50%, Voting 25–50% | 2020-09-23 | Ceased 2021-01-13 |
| Michael Willingham-Toxvaerd | Individual | Shares 25–50%, Voting 25–50% | 2020-09-23 | Ceased 2021-01-13 |
Filing timeline
Last 20 of 80 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-01-12 RESOLUTIONS Resolution
- 2025-04-09 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-04 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-03-14 | RP01SH01 | miscellaneous | Legacy | |
| 2026-02-19 | SH01 | capital | Capital allotment shares | |
| 2026-02-10 | SH01 | capital | Capital allotment shares | |
| 2026-01-12 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-04 | AA | accounts | Accounts with accounts type group | |
| 2025-12-01 | SH01 | capital | Capital allotment shares | |
| 2025-10-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-15 | SH01 | capital | Capital allotment shares | |
| 2025-04-16 | SH01 | capital | Capital allotment shares | |
| 2025-04-09 | RESOLUTIONS | resolution | Resolution | |
| 2024-11-06 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-22 | ANNOTATION | miscellaneous | Legacy | |
| 2024-10-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-01 | SH01 | capital | Capital allotment shares | |
| 2024-10-01 | SH01 | capital | Capital allotment shares | |
| 2024-09-27 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-09-13 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-28 | AA01 | accounts | Change account reference date company current extended |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 7
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-09-29 vs 2023-07-02